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Mar 27, 2012
03/12
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KQEH
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madoff, what would you say to all those people that lost money, mr. madoff? what do you say to them? >> smith: and when did it all begin? >> bernie! hey, bernie, give me one nice shot, buddy. bernie, turn around, buddy. come on! >> smith: the year was 1960. madoff had just graduated from hofstra college and married his high school sweetheart, ruth alpern. he was working out of her father's accounting firm in midtown manhattan. from there, he launched a career as a market-maker, matching buyers of stocks with sellers on wall street. >> he started this little stock trading firm, one of many in wall street's outer fringes at that time, and slowly built it up, building up customers. it was kind of like a wholesale firm. >> he would actually pay clients such as fidelity, charles schwab. he'd pay them a penny a share to come and trade through him. so he saw lots of trading volume that way. >> smith: in other words, he would pay for what they call "order flow"? >> exactly. >> smith: what wasn't known on wall street was that madoff had a side business as an investmen
madoff, what would you say to all those people that lost money, mr. madoff? what do you say to them? >> smith: and when did it all begin? >> bernie! hey, bernie, give me one nice shot, buddy. bernie, turn around, buddy. come on! >> smith: the year was 1960. madoff had just graduated from hofstra college and married his high school sweetheart, ruth alpern. he was working out of her father's accounting firm in midtown manhattan. from there, he launched a career as a...
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Dec 24, 2013
12/13
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CNBC
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madoff?" and they all said, "no. we don't think he's for real." >> kroft: could you find anybody? >> i found no one that ever traded with mr. madoff, and i traded with the largest equity derivative service in the world. >> kroft: and that's because madoff's investment fund never actually made any trades, at least going back to 1993 and probably further, a fact confirmed at a meeting of madoff investors by the trustee charged with liquidating his assets. no one knew the depth of the fraud, but a lot of people had questions. who else figured this out besides you? >> i would say that hundreds of people suspected something was amiss with the madoff operation. if you look at who the victims were not, you'll notice that the major firms on wall street had no money with mr. madoff. >> kroft: i mean, you write-- this is the letter. i'm quoting from the letter to the securities and exchange commission, red flag number 20: "madoff is suspected of being a fraud by some of the world's largest, most sophis
madoff?" and they all said, "no. we don't think he's for real." >> kroft: could you find anybody? >> i found no one that ever traded with mr. madoff, and i traded with the largest equity derivative service in the world. >> kroft: and that's because madoff's investment fund never actually made any trades, at least going back to 1993 and probably further, a fact confirmed at a meeting of madoff investors by the trustee charged with liquidating his assets. no one...
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Oct 31, 2011
10/11
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KPIX
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>> ruth madoff: no. it was very impulsive, and i'm glad we woke up. >> safer: but you must have talked... this is a rather large decision to make. >> ruth madoff: it wasn't hard, at the time. it was impulsive, and i just wanted out. >> safer: when we come back, life in the madoff apartment and the death of a son. >> cbs moneywatch update:. >> good evening. with one day to go in october, the s&p 500 is about to record its best month since 1974. europe today ruled on concessions to china in return for aid in the debt crisis. and australian court ordered an end to a labor dispute that grounded quantis airlines and pus in boots won the weekend box office. i'm russ mitchell. cbs news. [ female announcer ] from an earache... to the flu. an accident... to asthma. a new heartbeat... to a heart condition. when you see your doctor, you don't face any medical issue alone. you do it together. at the american medical association, we're committed to preserving that essential partnership between patients and their doct
>> ruth madoff: no. it was very impulsive, and i'm glad we woke up. >> safer: but you must have talked... this is a rather large decision to make. >> ruth madoff: it wasn't hard, at the time. it was impulsive, and i just wanted out. >> safer: when we come back, life in the madoff apartment and the death of a son. >> cbs moneywatch update:. >> good evening. with one day to go in october, the s&p 500 is about to record its best month since 1974. europe...
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119
Mar 12, 2012
03/12
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CSPAN2
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eye 119
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i interviewed madoff in prison. i was the first journalist to be able to go interview him in prison in august 2010, and a deal that his lawyer insisted on was that the interview was embargoed for this book. he didn't want it thrown out into the media. there was a media firestorm engulfing is down at that point. he didn't want wider -- lighter fluid poured on the fire. i will talk to you but you can use until this book comes out. i agreed, that i said when i first met him, it's a two-way street. unit, i will embargoed this material for this book, but you can then go give this material to other people. you can go to other interviews. oh, of course not, of course the. i've waited 18 months to give this interview. the burning i should be in writing, by e-mail, subsequent don't worry, diana, this is a direct quote, i won't let any other indicators ahead of your book. of course, he was lying. he was lying. on my second visit with him in february of 2011 he was talking by phone to a report from new york magazine. i found o
i interviewed madoff in prison. i was the first journalist to be able to go interview him in prison in august 2010, and a deal that his lawyer insisted on was that the interview was embargoed for this book. he didn't want it thrown out into the media. there was a media firestorm engulfing is down at that point. he didn't want wider -- lighter fluid poured on the fire. i will talk to you but you can use until this book comes out. i agreed, that i said when i first met him, it's a two-way street....
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123
Dec 12, 2012
12/12
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CNBC
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eye 123
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my name is madoff. and i'll live with that for the rest of my life. >> speak out about crime, guilt, suicide... >> mr. madoff, what do you have to say for yourself? >> and the day bernie admitted to committing the largest financial fraud in history. >> and he said, "i have a confession to make. i've been running a ponzi scheme." [ticking] >> do you think you could pull off this scam today? >> given the same security measures? >> yep. >> easily. piece of cake. >> sam eshaghoff's scam was getting paid thousands of dollars to take the s.a.t. test for other students. he did it at least 16 times, scoring in the 97th percentile of the country. >> i would call him an academic gun for hire. that's what he was. >> welcome to 60 minutes on cnbc. i'm bob simon. in this edition, we examine two very different kinds of fraud. bernie madoff's wife and surviving son break their silence about wall street's most infamous criminal. and later, we visit a high school con man who figured the best way to make the grade was to
my name is madoff. and i'll live with that for the rest of my life. >> speak out about crime, guilt, suicide... >> mr. madoff, what do you have to say for yourself? >> and the day bernie admitted to committing the largest financial fraud in history. >> and he said, "i have a confession to make. i've been running a ponzi scheme." [ticking] >> do you think you could pull off this scam today? >> given the same security measures? >> yep. >>...
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125
Aug 31, 2012
08/12
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CSPAN2
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231
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Dec 11, 2010
12/10
by
WJZ
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also tonight, the stigma of madoff. we'll talk exclusively with former employee whose had nothing to do with his fraud but say their years have been badly damaged. >>, you know, i lost my job. i lost my livelihood. >> mitchell: a final farewell to elizabeth edwards. in north carolina, hundred of family and friends pay tribute to her courage and fortitude. and charged up it's first all-electric nissan leaf is delivered to its owner but will it convince consumers it can go the distance? captioning sponsored by cbs this is the "cbs evening news" with russ mitchell. >> mitchell: good evening, he was once considered a prince of wall street who lived large and was admired by his colleagues. but tonight, 46-year-old mark madoff, the oldest son of jailed financial swindler bernard madoff, is dead of an apparent suicide. it came on the anniversary the day the madoff scandal was first revealed. armen keteyian has more. >> reporter: on the second anniversary of his father's arrest, bernie madoff's oldest son was found dead early t
also tonight, the stigma of madoff. we'll talk exclusively with former employee whose had nothing to do with his fraud but say their years have been badly damaged. >>, you know, i lost my job. i lost my livelihood. >> mitchell: a final farewell to elizabeth edwards. in north carolina, hundred of family and friends pay tribute to her courage and fortitude. and charged up it's first all-electric nissan leaf is delivered to its owner but will it convince consumers it can go the...
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181
Mar 11, 2012
03/12
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CSPAN2
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i interviewed madoff in prison. i was the first journalist to be able to go interview him in prison in august of 2010 and a deal that the lawyer insisted on was the interview with embargoed for this book. he didn't want it thrown out into the media if there is a media firestorm engulfing his family at that point he get water fluid poured on the fire. so that was the deal. i will talk to you, but you can't use any of it until the book came out. i agreed, but a sad, it's a two-way street. you know, i will embargoed this material for this book, but you can't then go get this material to other people. you can't do other interviews. yack of course not, of course not. i waited 18 months to get this interview. bernie assured me in writing by e-mail subsequent, don't worry, diana, i won't let any other interviewers get ahead of this book. but of course he was lying. on my second visit with him in february 2011 i found a reporter from europe magazine. i unfortunately found out about it. i have very good sources and i confron
i interviewed madoff in prison. i was the first journalist to be able to go interview him in prison in august of 2010 and a deal that the lawyer insisted on was the interview with embargoed for this book. he didn't want it thrown out into the media if there is a media firestorm engulfing his family at that point he get water fluid poured on the fire. so that was the deal. i will talk to you, but you can't use any of it until the book came out. i agreed, but a sad, it's a two-way street. you...
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152
Apr 25, 2010
04/10
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CSPAN2
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eye 152
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madoff. harry describes madoff -- this was madoff perpetuated the greatest financial crime in history. over the course of more than a decade he stole $65 billion from many investors all over america and europe. so, harry, you are a chartered financial analyst chartered-holder as well as a certified fraud analyst. and you have a background in the financial industry and then as an independent fraud investigator. tell us a little bit about what this means? what does it mean to the analyst that you described yourself financial analyst? .. depending on how you look at it and then he built as broad a ponzi scheme. >> guest: i first noticed in 1987 when i was an over the town it market maker. >> host: what does it mean to be in over-the-counter market maker. >> guest: my parents owned a firm, through a computer system called the nasdaq and it was done with a combination of computers and phone calls back in the day in the late '80s and he was a legitimate market maker, he was a big presence on wall s
madoff. harry describes madoff -- this was madoff perpetuated the greatest financial crime in history. over the course of more than a decade he stole $65 billion from many investors all over america and europe. so, harry, you are a chartered financial analyst chartered-holder as well as a certified fraud analyst. and you have a background in the financial industry and then as an independent fraud investigator. tell us a little bit about what this means? what does it mean to the analyst that you...
65
65
Feb 3, 2016
02/16
by
KMGH
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eye 65
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such anger at bernie madoff. such anger at ruth madoff. >> reporter: in the miniseries mark madoff is played by tom lipinski. >> we're good at what we do, dad. so why won't you just let us in? >> the challenge of the role was to come to grips and understand just how deeply felt the betrayal of his father was. >> reporter: four years after mark madoff killed himself his younger brother andrew died of cancer. madoff had thousands of victims. among them steven spielberg and holocaust survivor elie wiesel. as well as many who were neither rich nor famous. >> he just needs to be put away. >> really, i would love to see him with nothing. >> reporter: even his own trusted secretary of 25 years, eleanor squilari gave him $150,000 of her inheritance to invest. >> you guys probably make >> reporter: in the movie she's played by erin cummings. >> bring in a bank check tomorrow, and i'll take care of you. >> reporter: squilari even served as a consultant for the movie, on set here describing to richard dreyfuss how madoff of
such anger at bernie madoff. such anger at ruth madoff. >> reporter: in the miniseries mark madoff is played by tom lipinski. >> we're good at what we do, dad. so why won't you just let us in? >> the challenge of the role was to come to grips and understand just how deeply felt the betrayal of his father was. >> reporter: four years after mark madoff killed himself his younger brother andrew died of cancer. madoff had thousands of victims. among them steven spielberg and...